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Detailed text transcripts for TV channel - CNN - 20100715:02:04:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20100715:02:04:00

Understand what's happening tonight, since bp isn't doing it, chad myers joins us. what do we know about what's going on right now? >> we know the oil coming out of that picture right now is not coming out of the top of the new cap. that oil is coming out from a different valve, a different hole in the top of the cap. it's still the cap, but they have now shut off with the valve the main flow. now, that may seem irrelevant, but it's not, because now with this new plume of oil, which looks like smoke, you can now turn the valve slowly enough to bring up the pressure to the blowout preventer, wh...

Detailed text transcripts for TV channel - CNN - 20100715:03:05:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20100715:03:05:00

It's still the cap, but they have now shut off with the valve the main flow. now, that may seem irrelevant, but it's not irrelevant, because now with this new plume of oil, which looks like smoke, you can now turn the valve slowly enough to bring up the pressure to the blowout preventer, which is below it, and also, of course, that stack that goes all the way down in the drill hole that goes all the way down to the bottom of the ocean, and then another 12,000 to 14,000 feet below that. as they bring up the pressure, if the pressure stays higher, anderson, that means there's no blowout any plac...